"U.S. companies that have expressed the most fervent public support for President Barack Obama’s environmental agenda are also funding its biggest enemies - the scores of U.S. lawmakers who are climate change skeptics and oppose regulation to combat it, according to a Reuters review of public records.
Ahead of the Nov. 8 presidential and congressional elections, the donations from companies including PepsiCo, Dupont, and Google reveal a disconnect between how these companies present themselves to the public on environmental issues, and how they manage their political contributions to support business-friendly policy.
Many companies active in U.S. politics spread their political donations broadly on both sides of the aisle and consider multiple issues when deciding whom to support.
But inconsistency between a company's environmental positions and its political giving may point up a need for better oversight, according to Jon Lukomnik, head of the Investor Responsibility Research Center Institute."
Richard Valdmanis and Grant Smith report for Reuters September 6, 2016.
"U.S. Companies Tout Climate Policies, Fund Climate Skeptics"
Source: Reuters, 09/06/2016